New Jersey Assemblyman Michael Venezia introduced ACR 140 last week to put in-state college sports betting on the ballot this November.
140is allowed “except that wagering shall not be permitted on a college sport or athletic event that takes place in New Jersey or on a sport or athletic event in which any New Jersey college team participates regardless of where the event takes place.”
The change would apply to casinos, horse tracks, and their online partners, but it will ultimately be determined by voters on the Nov. ballot.Venezia is not the first to attempt a change that would allow bettors to wager on the eight Division I college teams in New Jersey. A similar legislative move failed at the polls in 2021, as 57% of voters chose not to allow in-state college team wagering. With the market having evolved and matured over the last two years, the allure of increased revenue and freedom to bet on in-state teams could appeal to more voters this time around. The first five months of 2024New Jersey’s legislative session lasts throughout the year. If legislators approve the bill, Venezia’s initiative will be voted on in the general election.
“This concurrent resolution proposes to amend the State Constitution to permit wagering through casinos and current or former horse racetracks on all collegiate sporting events, including collegiate sporting events that take place in the State or in which a team from a college located in New Jersey participates.
"Currently, the State Constitution prohibits sports wagering on any collegiate sporting or athletic event that is held in New Jersey or in which a New Jersey college team participates. Wagering is permitted only through casinos and current or former racetracks.
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